Ahead of The Fed Announcement, Gold Surges to Record $3,045

The price of Gold (XAUUSD) saw a significant rise on Wednesday (March 19, 2025), reaching an all-time high of $3,045.33 per troy ounce. The previous day, Gold surged by more than $32 or 320 pips.

This increase in Gold prices is occurring just before the announcement of the monetary policy by the United States Federal Reserve (The Fed), scheduled for Thursday at 1:00 AM WIB. A series of data from the United States has shown signs of an economic slowdown, leading market participants to speculate that The Fed may adopt a more dovish stance, which in turn boosts sentiment towards Gold.

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Moreover, the escalating risks of a trade war continue to enhance Gold’s appeal as a safe haven asset. Such trade tensions could also pose a risk to economic growth in both the United States and globally.